At Coca‑Cola HBC, we are proud to be one of the world’s most sustainable companies. Our accolades in this area are unparalleled, having been confirmed as the beverage industry’s global sustainability leader by Dow Jones, for the third year running and, now, making the CDP's prestigious Global Climate A list.
We can add yet another major sustainability award to our trophy cabinet – and this time it is not just for the beverage industry, but in a wider ranking of consumer goods businesses.
The international not-for-profit organisation, CDP, has published its 2016 Climate A List. The Climate A List comprises those companies from around the world that have been identified as leading in their efforts and actions to combat climate change in the past year.
This year, Coca‑Cola HBC has made it into the prestigious Climate A List, being among the companies rated with the highest ‘A’ band on the 2016 CDP Climate change score. We are among a select group of ‘A’ list companies rewarded by CDP in the ‘consumer staples’ category.
CDP runs an internationally respected environmental disclosure system for investors, companies, cities, states and regions. Over the past 15 years, it has created a system that has resulted in unparalleled engagement on environmental issues worldwide.
Tougher criteria post-Paris
Achieving the Climate A List ranking is all the more impressive this year, as the qualification questionnaire has changed significantly to reflect the new international climate agenda from the COP21 meeting in Paris. Therefore, achieving an ‘A’ score is truly outstanding, meaning that we are a leader in terms of climate actions and performance.
Thousands of companies submitted information to be independently assessed against CDP’s strict scoring methodology. Of the companies that participated in CDP’s climate change programme this year, Coca‑Cola HBC is among an elite 9 percent that have been awarded an A grade for performance.
The CDP Climate A list, published today, establishes an important baseline for corporate climate action following the Paris Agreement. As global corporations start the transition to a low-carbon economy , their progress on reducing emissions in line with the goals of the Paris Agreement will be tracked against this baseline in future CDP annual reports.
Coca‑Cola HBC already has an impressive and industry leading list of achievements to our name – achievements that have helped us secure beverage industry global leadership in the Dow Jones Sustainability Index for the past three years.
For example, we achieved a double-digit decrease in our carbon emissions during 2015, a 19.4 percent increase of recycled PET usage year-on-year, and a 7.2 percent improvement in our energy use ratio. In addition, we also invest to make the world a healthier, happier and more sustainable place. In 2015, we invested €8.2 million – 2.3 percent of our 2015 pre-tax profit – in improving community wellbeing, focusing on three key areas: active lifestyle, environmental and water stewardship and youth development, in partnership with more than 230 NGOs.
We are incredibly proud of our sustainability track record and of the awards and recognition for leadership that we have gained in the past years. This latest honour takes us into an even higher league, as we have made the very top ranking amongst a wider group of international companies in the consumer goods sector. It shows that we truly are an industry leader in this critical area of business performance and corporate citizenship. Sustainability goes to the very heart of what Coca‑Cola HBC is about – it is something that everyone who works for us believes in passionately and contributes to. This is a reward for all of us – we should be proud and take time to celebrate, but never stop improving and setting new standards for others to follow. Marcel Martin, Group Supply Chain Director, Coca‑Cola HBC